Aston Martin CEO fears for mass-market auto brands
TURIN -- The increasing commoditization of cars will force
mass-market manufacturers to change their business models or face
extinction, Aston Martin CEO Andy Palmer told the Automotive News Europe
Congress.
“I do believe we are at the beginning of end of the traditional automotive industry,” he said.
“For a long time, the business model has been stack 'em high and sell
'em cheap,” he said. “But profitless volume is no way to build a
sustainable company. It makes no sense to spend 1 billion [euros] on a
new car and discount it almost at launch.”
“We risk moving toward commoditization of a pod,” he said, drawing a
comparison with the aerospace industry as a possible scenario for car
manufacturers. “The world does not need dozens of nameplates making the
same objects. There are more than 75 automotive nameplates in Europe,
but just four plane makers,” he said.
Palmer said there was need for “a different business model” that
capitalized on customers' desire to own beautiful, exciting cars built
by a company with a strong brand.
“People are still looking for emotion in their motion and that's
where the luxury manufacturers sit, and where Aston Martin is
flourishing,” he said.
Aston Martin has proved that car companies don't need to be part of a
wider giant group to survive and generate good profit margins, Palmer
argued. “Having worked in mass market and volume, I know now that small
is beautiful. You have the agility to respond to market and customer
needs, and as long as you have friends to share technology there is the
ability to improve margins,” he said.
(AutoNews.com)
Tuesday, May 29, 2018
Monday, May 28, 2018
I Consider This Having Problem Solving Abilities
According To Millionaires, One Personality Trait Hinders Success, So Avoid People Who Have It
Reports Inc. magazine…
(BroBible.com)
Reports Inc. magazine…
Thomas Corley found one key differentiator between millionaires and others: Wealthy people–especially self-made–avoided pessimistic people. Self-made millionaires in particular, he found, shared how they were optimists and tried to avoid people with a pessimistic personality.
In fact, he found that nearly nine out of 10 millionaires sought to be around people who shared a positive outlook and focused on success. This is critically important when you consider that personality and habits are contagious. Just as a negative person can bring down the mood in a room, an optimistic person can lift it.Speaking to Business Insider, Corley elaborated further…
There’s a common personality type that’s common among self-made millionaires. I call it “the positive mental outlook.” The reason having a positive mental outlook is actually a prerequisite for being successful is because it allows you to use 100% of your brain.Corley also said researchers have found that when you have a negative mental outlook you actually shut off one-third of your brain, whereas a positive mental outlook triggers personality traits like persistence, resilience, patience, and focus — all traits that are common among the most successful people of the world.
(BroBible.com)
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